Understanding the Table:
The comparison table above helps you see the total cost of your Citibank currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
| Standard | Citi Priority | Citigold | Citigold Private | |
|---|---|---|---|---|
| Wire Limits - Online - Domestic / International (USD) | Up to $50,000 per account per Business Day | No limit | No limit | No limit |
| Wire Limits - Online - International (Foreign Currency) | Up to $50,000 per transaction | Up to $500,000 per transaction | Up to $500,000 per transaction | Up to $500,000 per transaction |
| Incoming Wire Fee - Domestic / International | $15 | Waived | Waived | Waived |
| Outgoing Wire Fee - Online - Domestic | $25.00 | $17.50 | Waived | Waived |
| Outgoing Wire Fee - Online - International (USD) | $35.00 | $25.00 | Waived | Waived |
The Citibank USD to SBD business exchange rate is 7.1848. This is -12.6% compared to the latest USD-SBD mid-market rate 8.2238.
As Business exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to Solomon Islands dollar (SBD) rates from different sources before making a conversion.
The above Citibank - Business Dollar to Solomon Islands dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Citibank and other foreign exchange providers against the latest USD-SBD mid-rate and the possible savings of using various providers.
Looking at the full USD to SBD - Send Money comparison table the provider with the best Business USD to SBD exchange rate is Wise at 8.115, -1.3% from the latest mid-market rate 8.2238.
The next best is Western Union at 8.0922, -1.6% from the mid-rate.
Then WorldRemit at 8.0265, which is -2.4% from the mid-rate.
Among the banks the Chase Bank rate is 6.8559 at -16.6% the Wells Fargo Bank rate is 6.8065 at -17.2% and the Citibank rate is 7.1848 at -12.6% compared to the mid-rate 8.2238.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Citibank often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency:
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